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LOOSE CHANGE

LOOSE CHANGE

FX Week staff

21 Sep 1992

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Ouch. Skanska AB, the Swedish construction company, lost about $100 million in the currency markets while we were away, according to a release issued by the president of the company's finance unit. "Through serious and repeated violations of stipulated risk limits and guidelines, the subsidiary president has used the summer months for extensive currency speculation," the release states.